TOURISM NOOSA FUNDING AGREEMENT (REFERRED FROM S&O 11 APRIL 2023) · Attachment 1 - Deed - Funding Agreement Final

Schedule 1

1.        Funding

     Funding
     Amount                              $2,520,000.00 (excluding GST)
     Stages and/or                       The Amount will be paid in instalments, every 6 months during the
     instalments                         Term as follows:

                                         •         $1,260,000 excluding GST on or before 31 July 2023 and
                                                   2024; and

                                         •         $1,260,000 excluding GST on or before 31 January 2024 and
                                                   2025.


2.        TN's priorities, obligations and performance measures


     Priority                                              Obligations and performance measures

                                             (a)      TN acknowledges that Council is presently developing a
                                                      DMP which will inform TN's strategy in relation to the
                                                      management of the visitor economy and tourism within the
                                                      Noosa region.
     1.         Destination
                                             (b)      TN will implement aspects of the DMP, with those aspects
                Management Plan
                                                      to be identified by Council from time to time after
                (DMP)
                                                      collaborative consultation between Council and TN.

                                             (c)      TN will, upon request from Council, agree to a variation of
                                                      this Deed to incorporate agreed obligations arising in
                                                      relation to the DMP.


                                             (a)      TN acknowledges that the Funding provides significant
                                                      support for payment of TN staff wages and benefits.

                                             (b)      TN will provide to Council, annually and incorporated in the
     2.         Workforce Planning
                                                      operational plans to be provided under clause 4.2 of this
                                                      Deed, a workforce plan detailing organisational structure,
                                                      and overall wage expenditure and anticipated future
                                                      requirements for additional staff.


                                             (a)      By 31 December 2023, TN will undertake and provide to
     3.         Finance efficiencies
                                                      Council an efficiency and effectiveness review. Scope and
                and viability, marketing
                                                      structure to be determined by TN.
                reserve replenishment,
                organisational review
                                             (b)      TN will ensure that it is and remains solvent at all times.




 Tourism Noosa Funding Deed                                                                          Page 13

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